What does the digital currency sector mean? Analysis of the concept of digital currency

The digital currency sector refers to a special asset class in the financial market, whose value and transactions are digital forms based on encryption technology and blockchain technology. Unlike traditional fiat currencies, they are not issued and regulated by a specific country or central bank. Digital currencies have risen rapidly over the past few years and have attracted the attention of investors and traders around the world. In the digital currency sector, there are many different digital currencies, such as Bitcoin, Ethereum, etc. The concepts and characteristics of these digital currencies will be analyzed and elaborated in this article.

What does the digital currency sector mean?

The digital currency section is to classify digital currencies with different concepts. The following is the current digital currency sector introduced to you by the editor of Coin Circle.

Category A: underlying technology and infrastructure

1. Underlying public chain, basic chain

2. Side chain concept

3.Basic numbers Currency

4.Anonymous currency

5.IFO concept

6.Smart contract

7.Bitcoin copycat

8. Cross-chain

B category: middleware and development technology extension

9.Technical solutions/protocols

10.Internet of Things

11.Data Storage (distributed storage)

12. Artificial intelligence

13.Super computing power (distributed computing)

14.Identity and privacy

15 .Commercial Solution

16. Based on DAG

C Category: Assets and Liquidity

17. Gateway Payment

18. Payment Concept

19. Credit service concept

20. Asset management

21.DAPP decentralization

22. Platform currency

23. Public Fundraising platform

24. Wallet

25. Decentralized trading

26. Asset trading

27. Data economy

D Category: Application layer

28. Market forecast

29. Fair anti-counterfeiting

30. Product traceability, security

31. Social communication

32. Game Concept

33 Virtual Reality Concept

34. Content Copyright

35. Content Creation/Community Incentive

36. Segmentation Industry Application

37. Attention Economy (Advertising, Video)

38. Distributed CDN

39. Data Trading

40. Energy Trading

41. Market prediction

Analysis of the concept of digital currency

Digital currency refers to a currency that does not rely on any physical object, is based on cryptography and P2P technology, is generated by a computer program, and is A new type of virtual currency issued and circulated on the Internet.

Block: Bitcoin generates a block every 10 minutes. This block is a bill that records all transaction information that occurred around the world within 10 minutes. A block is equivalent to a page in the ledger, which records global transaction information within 10 minutes.

Blockchain: Each block of Bitcoin is timestamped. Each block will tell people through the computer which previous block it was, so that Bitcoin is strictly in chronological order. All blocks are organized into a long chain connected end to end, that is, a blockchain.

Smart Contract

A smart contract is a set of commitments defined in digital form, including an agreement on which contract participants can execute these commitments.

The smart contract itself is a program (code). This program is like a completely trustworthy asset custodian, always performing operations according to pre-specified conditions. This program can also control the assets on the ledger, accept assets, and interact with the ledger or dispose of assets in accordance with the contract.

The above is the detailed content of What does the digital currency sector mean? Analysis of the concept of digital currency. For more information, please follow other related articles on the PHP Chinese website!